The requirements for obtaining an unsecured business loan in Brisbane of between $5K and $100K is fairly low.
Need more funds? Check out the guidelines for eligibility for our $100K-$500K company loans.
All that is needed to get started is your contact information (the name of your company, your name, email and phone), how much you want to borrow, as well as your monthly income.
Through the process and before settlement we will require confirmation of who you are, but not to get started:
Once we’ve started, for loans greater than $150,000 you will also require the following financial statements:
Let’s get started.
Brisbane unsecured loans provides the range of $5,000 to $100,000. The terms range between 3 and 24 months. They also offer cash flow-friendly repayments that are either per day or weekly.
You can apply to this Small Business Loan in under 10 minutes on the internet or by phone. You will receive a same day response and the money could be available in just 24 hours. Traditional company loans refer to an interest rate per annum along with other charges and fees. We offer a business loan is a loan that is priced upfront and you’ll be aware of the total amount due, which includes the interest, fees and charges. This is then broken down into either a daily or weekly amount to be paid back.
It is a Small Business Loan can be used for nearly every business use, including cash flow management, business renovations, marketing to purchase inventory, new equipment, to fund general working capital, and much more. The loan is not available for personal purposes.
The Larger Business Loan is a larger size loan to aid in business expansion opportunities. Loans are between $100,000 and $500,000 with a fixed-term with a maximum of 36 months. Repayments are weekly or fortnightly depending on you cashflow.
The Larger Business Loan has an Origination Fee that is determined at 2.5% of the amount of the loan.
To qualify for a loan of this size, your business needs to have been operating for at least three years and have an annual turnover of $700,000. Your business must belong to a New Zealand Citizen (or Permanent Resident) over 18 years and have a New Zealand business (with a valid NZBN/IRD) and be able of proving at the least 12 months of operating.
A Larger Business Loan can be used for nearly all business reason, such as company renovations, to purchase inventory or new equipment for general working capital, and much more. The loan cannot be used for personal purposes.
Asset security is required for accessing funds over $150,000. It is usually in the form of a charge over assets and can include registering this through the PPSR or filing a caveat.
A personal or director’s guarantee is a promise to repay a loan which is general in nature rather than stipulating security over an asset. The person who signs the guarantee is personally accountable if the business creditor is unable to re-pay the debt.
The Personal Property Securities Register (PPSR) is an online central register run by the New Zealand Government. It records security interests that have been granted to individuals who own personal property (including items or assets). The PPSR grants preference over private property assigned depending on the date that a security interest was registered.
A caveat is a legal document that is filed to offer notice of a legal claim against a property.
If you’re requesting a Larger Business Loan that is greater than $250,000, we may offer an initial pre-approval in order to ease the process. We might be able to apply for this without credit checks and within 6 hours of the initial application. This pre-approval is made based on a preliminary assessment which includes you answering some financial health checks. It is not an offer of credit or guarantee of funds. Unconditional approval is subject to a full credit assessment and any offer that you receive could be subject to different conditions.
You may apply for a company loan if you:
The application process is quick and easy. Complete the online form within a couple minutes, and a dedicated company credit specialist will be in touch to assist you.
To be eligible for up to $100,000, you’ll require ID details (valid Driver’s License) along with an NZBN/IRD that is valid and at least 6 months of bank statements.
If you’re looking for loans with larger sizes, you’ll require:
$100K – $250K: Details of application, including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Application details including credit consent twelve months of bank records, IRD statements and the last two years’ finalised financial statements, as well as interim financial statements for the current year including Aged Payables, Aged Receivables summaries.
For an unsecured loan ($5K to $100K) we can often provide an answer in just one hour – as long as you make your application within standard company hours and allow us to utilise the advanced bank verification system link to instantly verify your bank’s information online. If you decide to upload copies of your banking statements , we’ll be able to provide a decision within just an company day.
For Larger Business Loans ($100K and up) we may be capable of provide you with pre-approval conditional to your application within about 6 hours. After you’ve signed the pre-approval, the turnaround time is about 2-3 days for final approval. However, it could be faster based on the specifics of each application. Some transactions have received approval in 24 hours.
The most effective method can be make sure you apply during standard company hours. Also, allow us to use the advance bank verification to check your bank’s information online. If you decide to upload duplicates of your banking statements it may take a bit longer.
For the Small Business Loan ($5K up to $100,000) we typically provide an answer within an hour – provided you apply at normal business timings and allow us to use the bank verification system link to immediately verify your bank account information online. If you want to upload copies of your banking statements, we’ll be able to offer an answer in as little as 1 business day.
If you are applying for Larger Business Loans ($100K up to $500,000) we could be capable of offer you with a conditional pre-approval within six hours. Once you’ve signed the pre-approval document, you will require to wait around 2-3 days for final approval, however this could be shorter based on the specifics of each application. Certain offers have been approved within less than 24 hours.
The fastest method can be make sure you apply during standard business hours, and let us use the modern bank verification to confirm your bank details online. If you opt to upload copies of your bank statements, it can take a bit longer.
We offer the loan amount between $5,000 and $500,000. When you submit an application for a specific amount we will consider a number of elements that determine your well-being of your business and the level of the repayments your business is able to afford. The total amount of your loan will be contingent on the specific circumstances for your business.
When you apply for a specific amount we consider a variety of elements to assess the health that is your business as well as the amount of repayments that your company will be able to support. The total amount of your loan will be determined by the specifics for your company.
When you apply for one of our business credit, we’ll assess the risk profile that you have for your company and provide an individualised offer that includes the amount of loan, the term and interest rates. The company loan is an upfront cost loan and you’ll know the exact amount you will have to pay, including costs, fees, or interest rates.
Business loan interest rates differ based on various factors such as the amount that is borrowed, what company assets the funds will be used for and the sector the business is in, how long the company has been running for, what percentage of the business has sufficient cash flow to support the loan, and overall health as well as creditworthiness company.
There aren’t any hidden charges for our company loans, and you’ll know precisely what you’ll be required to pay and at what time, from the day you sign up. There’s not any compounding interest and no additional fees (as as long as you pay your payments in time).
We do not charge an Application Fee. You can apply for a loan absolutely no upfront cost and no obligation to proceed.
The Origination Fee is the cost associated with setting up and managing the loan. It is only charged for this fee if you choose to proceed with the loan. The Origination Fee for us is 2.5 percentage of the amount of loan.
You may choose to pay back all of your advance loan at any time.
If you decide to do this please talk to one of our helpful company loan experts. We will provide you with details for repayment along with an early payout estimate. It will be calculated using the sum of the principal remaining plus any accrued interest as of the time of early payment in addition to 1.5 percent of the remaining principal as well as any outstanding fees.
To help you avoid missing payments and to work with your cash flow cycle we offer repayments either weekly or daily. They will be automatically deducted from your designated business account.
The security of your personal information, as well as knowing how we collect, use, exchange and ensure the security of your information is crucial and a vital element of our relationship with you.
Yes. We use industry recognised encryption standards to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to protecting the security of customers and privacy. We make use of an advanced bank verification system link to instantly confirm your bank account information online so we can provide an immediate response.
An asset-based loan is when the business owner borrows from an asset that they own to get the funding. The asset may be an individual property, such as the family home, or it could be a company asset like a truck or piece of equipment.
The majority of lending institutions, even the big banks, tend to make loans secured by assets. If you’re having trouble paying back the loan then your asset may be offered for sale by the lender. In essence it’s the process of securing new funding taking advantage of the value of what you already own.
For loans up to $150K it is not necessary to secure assets in advance to gain access to the funds However, we do require a personal guarantee. If you adhere to your loan commitments (as specified in the loan contract) the security of assets will never be required. For loans of over $150,000 generally, you can get personal guarantee and security is provided in the form of an asset charge.
